Landscape Capital Management L.L.C. Invests $1.49 Million in Champion Homes, Inc. $SKY

Landscape Capital Management L.L.C. acquired a new position in shares of Champion Homes, Inc. (NYSE:SKY) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 17,590 shares of the company’s stock, valued at approximately $1,486,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SKY. Marshall Wace LLP lifted its holdings in shares of Champion Homes by 1,149.3% during the 3rd quarter. Marshall Wace LLP now owns 1,397,642 shares of the company’s stock worth $106,738,000 after acquiring an additional 1,285,768 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new stake in Champion Homes in the 4th quarter valued at $90,282,000. Bank of Montreal Can boosted its stake in Champion Homes by 14,014.0% in the 4th quarter. Bank of Montreal Can now owns 826,232 shares of the company’s stock valued at $69,817,000 after buying an additional 820,378 shares in the last quarter. Alyeska Investment Group L.P. boosted its stake in Champion Homes by 566.5% in the 4th quarter. Alyeska Investment Group L.P. now owns 639,102 shares of the company’s stock valued at $54,004,000 after buying an additional 543,219 shares in the last quarter. Finally, Norges Bank acquired a new stake in Champion Homes in the 4th quarter valued at $40,471,000.

Champion Homes Price Performance

Champion Homes stock opened at $78.63 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 2.48. The firm has a market cap of $4.32 billion, a P/E ratio of 21.48 and a beta of 1.04. The business’s fifty day moving average is $74.89 and its two-hundred day moving average is $82.06. Champion Homes, Inc. has a 52 week low of $59.44 and a 52 week high of $99.17.

Champion Homes (NYSE:SKY) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $999.00 EPS for the quarter. Champion Homes had a return on equity of 13.80% and a net margin of 7.77%. Equities research analysts forecast that Champion Homes, Inc. will post 3.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. UBS Group assumed coverage on Champion Homes in a research note on Friday, June 5th. They issued a “buy” rating and a $93.00 price target on the stock. Zacks Research lowered Champion Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. Barclays decreased their price target on Champion Homes from $106.00 to $94.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 27th. Citigroup assumed coverage on Champion Homes in a research note on Friday, June 5th. They issued a “buy” rating and a $93.00 price target on the stock. Finally, Royal Bank Of Canada decreased their price target on Champion Homes from $101.00 to $92.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $93.00.

Insider Buying and Selling

In other Champion Homes news, EVP Joseph A. Kimmell sold 7,922 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $75.70, for a total value of $599,695.40. Following the transaction, the executive vice president owned 36,118 shares of the company’s stock, valued at approximately $2,734,132.60. The trade was a 17.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

About Champion Homes

Champion Homes, traded under the NYSE ticker SKY, operates as a leading provider of factory-built housing solutions in North America. The company specializes in the design, manufacture and sale of manufactured and modular homes, serving a broad spectrum of customers from first-time homebuyers to those seeking upscale residential properties. Champion Homes leverages vertically integrated operations to streamline production, ensuring consistent quality and cost efficiencies across its product lines.

The company’s product portfolio encompasses single- and multi-section modular homes, manufactured home models, park models and select commercial modular buildings.